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Find the TarHeels accounting effective tax rate

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Question - TarHeel Corporation reported pretax book income of $1,022,000. During the current year, the net reserve for warranties increased by $101,100. In addition, tax depreciation exceeded book depreciation by $205,500. Finally, TarHeel subtracted a dividends received deduction of $54,400 in computing its current year taxable income. Find the TarHeel's accounting effective tax rate?

Reference no: EM132544316

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